Intro To Accounting 20653 Exam 1 Laurie Wood Tcu

source document – evidence a transaction has occured
income – The enhancement to the business as a result of providing goods and services to its customers; mathematically, it is the result of subtracting expenses from revenues.
merchandise/inventory – goods purchased for resale at a profit
asset account includes: – cash, supplies and equipment
Net income / Average owners' equity – = ROI
(8-12%)
Monetory concept – All transactions are recorded in New Zealand dollars
Total Contribution margin – Will always change when sales change
fraud – мошенничество
A researcher is going to use a behavioral chaining procedure to teach an individual with developmental disabilities to stuff brochures into envelopes. The researcher first goes through the process of identifying all the individual stimulus-response components in the chain. This process is called ______.
How to reduce bad quality costs – focus on prevention and appraisal costs
The transferal of data from journal tot he ledger is: – Posting
profit and loss account (P/L) – eredménykimutatás
Account – A record that summarizes all the transactions pertaining to a single item in the accounting equation
contingent liability – a potential obligation arising from a past event
A reseаrcher is gоing tо use а behаviоral chaining procedure to teach an individual with developmental disabilities to stuff brochures into envelopes. The researcher first goes through the process of identifying all the individual stimulus-response components in the chain. This process is called ______.
What type of liability does notes payable fall under ? – Current liabilities

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply